Carl's Connection manufacturers add-on products for the automobile industry. The manager at Carl's Connection has just been presented the opportunity to invest in two independent projects. The first is an air conditioner for the back seats of vans. The second opportunity is a turbocharger for sedans. Without either investment, the company currently expects average assets for the coming year to be $28.9 million and expects operating income to be $4.335 million. Below is the expected cost (outlay) for each investment and their expected operating income. It can be assumed that the outlay is the value of the asset. 1. Compute the ROI for each investment by itself. After in percent form, round to the nearest hundredth. ( 2 points. MUST use a formula in the cell for vour calculation). 2. Compute the company-wide ROI for each alternative below. After in percent form, round to the nearest hundredth (4 points. MUST use a formula in the c.ell for vour calc.ulation). 3. If the manager is rewarded on the basis of ROI performance of his/her investment choice only, which investment would he/she choose? Explain your reasoning. (2 points) 4. Suppose the company sets a minimum required rate of return equal to 14%. Calculate the residual income (RI) for each of the following